trending Market Intelligence /marketintelligence/en/news-insights/trending/xcsztjRbb01Gmkb41RWnQQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Romanian central bank holds rate at 1.75%

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally


Romanian central bank holds rate at 1.75%

The National Bank of Romania on Aug. 4 decided to keep its policy rate unchanged at 1.75%.

In a statement, the central bank said that annual inflation stood at 0.85% in June against 0.64% in the previous month.

First-quarter real GDP rose by 5.7% from 4.8% in the previous quarter, largely driven by domestic demand.

The central bank hinted that any change in its monetary policy may not be through its key rate but by narrowing the gap between its lending and deposit rates, which would affect interbank rates.

"We do not rule out a deposit rate hike towards the end of this year, especially if the ECB decides to finally break the tapering announcement," the central bank said in a research note as cited by Reuters.